Equity capital markets
Activity rebounded this week, with a total of $5.3 billion raised from 15 issues in the region’s equity capital markets. That is almost double the $2.9 raised billion through 27 deals achieved in the previous week. Hui Xian Reit’s $1.6 billion IPO drove volume the deal is the second-largest Asia ex-Japan IPO so far this year, behind Hutchison Port Holdings’ $5.5 billion offering priced in March.
Three bookrunners handled Hui Xian’s IPO, helping HSBC to move into the top 10 from 15th with $1.7 billion of deal credit in total this year. Bank of China and Citic Securities were the other bookrunners.